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UK Inflation beat keeps upside limited

BUNDS
  • Bund sees little change for the week, with the contract rallying 180 ticks on Monday, which reversed yesterday as some European desks returned from the Bank holiday.
  • The contract saw some selling on the cash open, following the UK inflation beat, but range remains tight (38 ticks).
  • Support will be seen at this week's low 155.08, and small resistance moves down 156.25.
  • On the data front, out of Europe sees, EU prelim GDP, and out of the US, Retail Sales.
  • FOMC minutes will also be in focus.
  • SPEAKERS: Fed's Bowman speaks on technology and financial services

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